Olive Higgins Prouty Foundation Inc
Olive Higgins Prouty Foundation Inc is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2022. In 2022, it awarded 2 grants totaling $1.8M. Net investment income was $7K.
Olive Higgins Prouty Foundation Inc at a glance
In short: Olive Higgins Prouty Foundation Inc gave $1.8M across 2 grants in 2022 (avg $911K), mostly in Massachusetts. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $1,822,901
- +1527.6% vs 2021
- Grants made (2022)
- 2
- -93.3% vs 2021
- Average grant
- $911,451
- +24313.9% vs 2021
- Median grant
- $911,451
- Primary geography
- Massachusetts (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Olive Higgins Prouty Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2022
The largest 2022 recipient was Fidelity Investments Charitable Gift Fund ($1.8M). Together the top 2 received $1.8M.
Grant Size Distribution
61 grants across all recorded years
The most common grant size was under $50K: 60 grants of 61 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 2 itemized grants.
States
Cities
How Olive Higgins Prouty Foundation Inc gives
- In 2022 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $101K (2020) to $1.8M (2022). In 2022 it made 2 grants totaling $1.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Investments Charitable Gift Fund Boston, MA | General | $1,822,652 |
| Trustees of Clark University Worcester, MA | General | $249 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $21,127 | $1,846,666 | $1,822,901 | 2 | $1,832,407 | $6,868 | $26,480 |
| 2021 | $1,772,223 | $125,817 | $135,710 | $112,000 | 30 | $121,505 | $107,082 | $99,508 |
| 2020 | $1,780,116 | $24,272 | $160,019 | $101,000 | 29 | — | — | $94,960 |
Under IRS private-foundation payout rules, Olive Higgins Prouty Foundation Inc reported a distributable amount of $26K for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Olive Higgins Prouty Foundation Inc is led by W. Mason Smith III, President & Director on every filing since 2020; none of the 4 officers listed in 2022 report compensation.
Officers on the 2022 filing
W. Mason Smith III
President & Director
On filings since 2020
1 hr/week
No compensation reported
Jennifer Harvie Watt
Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
Jessica Smith Matson
Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
Thomas P. Jalkut
Clerk & Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Olive Higgins Prouty Foundation Inc
How much does Olive Higgins Prouty Foundation Inc give each year?
Olive Higgins Prouty Foundation Inc gave $1.8M across 2 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $112K across 30 grants.
Where does Olive Higgins Prouty Foundation Inc operate?
Olive Higgins Prouty Foundation Inc has awarded grants in Arkansas, California, District of Columbia, Florida, Massachusetts, Minnesota, Missouri, New Hampshire, New York, Pennsylvania, South Carolina, Washington.
How much is Olive Higgins Prouty Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Olive Higgins Prouty Foundation Inc reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Olive Higgins Prouty Foundation Inc's EIN?
Olive Higgins Prouty Foundation Inc's EIN (Employer Identification Number) is 04-6046475. IRS Form 990 filing data is available on this page for 2020–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
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